Exxon Mobil Corp

XOM

Equity

ISIN US30231G1022 / Valor 808963

New York Stock Exchange, Inc (2024-12-23)

USD 106.30+0.41%

Exxon Mobil Corp
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About company

Exxon Mobil Corp is a multinational corporation with three primary businesses focused on providing energy, chemicals, lubricants, and lower-emissions technologies to support modern life. With an industry-leading portfolio of resources, Exxon Mobil is one of the largest integrated fuels, lubricants, and chemical companies globally.

Summarized from source with an LLMView SourceSector: Energy

Earnings Overview

Exxon Mobil Corp reported third-quarter 2024 earnings of $8.6 billion, or $1.92 per share, reflecting the company's improved earnings power from its enterprise-wide transformation. This performance underscores ExxonMobil's industry-leading results and its ability to enhance structural earnings power.

Production and Sales

In the third quarter of 2024, Exxon Mobil Corp achieved its highest liquids production in over 40 years, reaching 3.2 million barrels per day. Additionally, the company delivered record high-value product sales volumes in Product Solutions, marking a 10% increase over the prior year-to-date figures.

Shareholder Returns

Exxon Mobil Corp returned $9.8 billion to shareholders during the third quarter of 2024. The company also announced an increase in its fourth-quarter dividend to $0.99 per share, continuing its long-standing tradition of increasing annual dividends for 42 consecutive years.

Financial Metrics

Exxon Mobil Corp's cash flow from operating activities in the third quarter of 2024 was $17.6 billion, with free cash flow amounting to $11.3 billion. Capital and exploration expenditures for the quarter were $7.2 billion, aligning with the company's full-year guidance of $28 billion.

Carbon Capture Initiatives

Exxon Mobil Corp is leading in carbon capture and storage development, with a new customer agreement increasing its CO2 offtake under contract to 6.7 million metric tons per year. This commitment represents more volume than any other company has announced, highlighting ExxonMobil's focus on sustainable energy solutions.

Summarized from source with an LLMView Source

Key figures

4.31%1Y

74.2%3Y

51.2%5Y

Performance

19.5%1Y

27.4%3Y

34.5%5Y

Volatility